FHFA head Bill Pulte orders Fannie Mae, Freddie Mac to consider cryptocurrency as a stake.

The Director of the Federal Housing Finance Agency in America (FHFA) Bill Pulte has ordered Fannie Mae and Freddie Mac to consider the use of cryptocurrency in mortgage risk assessment. Accordingly, these two enterprises will prepare proposals to regard cryptocurrency as an asset for reserves in single-family mortgage loans without the need to convert to US dollars. However, only cryptocurrencies stored on regulated centralized exchanges in America will be considered.

Pulte stated that this is a historic step for the cryptocurrency and stake industry. Key figures in the digital asset space, such as Michael Saylor, have praised this move, arguing that it will boost the acceptance of cryptocurrency in the Fintech and real estate sectors.